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1 Since the 1940s, scholars have sought to articulate analytical perspectives to explain the causes of the relative poverty of underdeveloped countries and to identify the ways in which these largely pre-industrial economies could move out of poverty. These constructs seek first to identify the causes of the relative poverty of underdeveloped countries and secondly to specify how underdeveloped economies could achieve economic progress. In this manner, the field of development economics was formalized as an economic sub-discipline ( Hunt 7 ). 2 The principal...

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